'Self-holic' Is Trend Among Youngsters
When the five funky girls of popular group 4 Minute shout, "Every little thing about me becomes a hot issue.
I'm always hot, hot, hot," they're singing more than a song, says Kim Rando. "They're representing a change
in South Korea," the consumer studies professor at Seoul National University and renowned local trend expert
said in an interview with The Korea Times, Wednesday. He explained that the self-loving lyrics chanted by
many of today's rising stars are a small piece of a bigger indication that modesty is no longer a virtue among
Koreans. "The younger generation is neither self-conscious nor afraid to express confidence," said Kim, who
identified "self-holic" as South Korea's latest cultural code.
This is a drastic change from the past when people chose to be humble rather than boastful. But he said the
trend is only natural. "The growing individualization permeating through the society is what's fanning people's
behavioral and ideological change," said Kim.
Men and women used to identify themselves through their workplace, school or organizations of which they
were a part, but not anymore. They now define themselves simply through their own identities, he said. An
increasing number of one-child households is one of the biggest factors contributing to the individualization
as children, who are often raised alone, get showered with all kinds of treats.
"Even adults are now becoming more independent and individualized," said Kim, who exemplified the growing
variety of post-retirement financial products and services as a sign that more senior citizens want to be selfsufficient,
instead of relying on their children.
So what do all of these changes mean to the economy? A bottom-up transformation of the way people
spend, said Kim, who also heads Seoul National University's Consumer Trend Research Institute.
"Self-holic individuals like to use money on only themselves," he said, explaining that this expanding
consumer group will help boost the luxury and other self-indulgent goods markets. The upbeat lifestyle of the
up and coming generations will likely shorten the lifespan of any trend, but that's the way Korea is, says Kim.
"Korea is extremely trendy," he said, "and the reason is because Koreans have a tendency to make their
purchase decisions based on other people's perceptions."
Kim said people don't buy to satisfy themselves, but to catch up with others as consumption has "become an
extension of another status competition."
"Compared to Korea, trends don't have as big of an impact in the U.S. because the land is bigger and people
are less conscious of others," said Kim. "Here, everything spreads in the blink of an eye."
The published author, who recently wrote a new book, "Trend Korea 2010," forecast that a countless number
of new trends will change the way people eat, spend, play and live in the coming years. But among many to
come, he highlighted a few that will have a lasting impact.